Fidelity is making the SpaceX initial public offering (IPO) available to any customer with a retail brokerage account with $2,000 or more in the account.
https://www.fidelity.com/learning-center/trading-investing/spacex-ipo-explained
Is $135 a bargain price? It was $45 in November: https://finance.yahoo.com/quote/SPAX.PVT/
“Is $135 a bargain price?”
DYODD of course, but IMO it will be when they add Tesla down the road.
Fidelity has an Indication of Interest or (IOI) while at Schwab you can submit a Conditional Offer to Purchase (COTP) but have to affirm the finalized IPO price, which should already be locked in at $135 but can expect it officially by 6/11 close of Business. I haven’t seen an affirmation yet myself. If your plan is to hold for long term growth, its a good buy at the IPO price.
What the price will do soon after is anyone’s guess, likely rocket higher (no pun intended) before crashing back to Earth and then over compensating for a time. The S&P500 wont change their rules, good for them. Just note there will be increments of unlock at 90, 120 days etc., float is 5% (I think) however Elon and close associates are subject to a one year + one day lock up.